Hengli Petrochemical and Yingkou Zhonghai Petrochemical
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Which friend is aware of the progress on the construction of the integrated refining and chemical processing project at Hengli Petrochemical, as well as that at COSL in Yingkou?
I heard that Hengli’s projects will no longer be carried out; I’m not sure if this is true
Was the project halted because the top leader was arrested?
Maybe so. I don’t know if the news is true or not
Alas, the project has stalled, and it’s going to be difficult to get into Hengli; the chemical industry is becoming increasingly tough to navigate
More and more companies in the chemical industry are going bankrupt; there is severe overcapacity, heavy environmental pressures, and low profit margins